Financial closure for Anil Ambani’s Rosa power project, Shahjahanpur

Reliance Power has achieved full financial closure for its 1,200 MW plant in Shahjahanpur. The Rosa Power Supply Ltd a wholly owned subsidiary of Reliance Power has signed the long term finance agreement with various banks and institutions led by IDBI Ltd. The Rosa project being set up in Shahjahanpur is expected to be completely operational by 2012 and will supply 900 MW to the state government owned UP Power Corporation Ltd.
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Anil Ambani plans to setup cement plant in the UP

The Reliance Anil Dhirubhai Ambani Group (ADAG) is planning to set up a cement plant in the state. The plant, with an installed capacity of two million MT per annum, is likely to be located in Congress president Sonia Gandhi’s Lok Sabha constituency Rai Bareli.
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